Rollins, Inc. (NYSE:ROL) Insider Thomas D. Tesh Sells 1,921 Shares

Rollins, Inc. (NYSE:ROL) insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the sale, the insider now directly owns 38,028 shares in the company, valued at $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rollins Stock Down 1.6%

Shares of NYSE ROL opened at $54.85 on Wednesday. Rollins, Inc. has a one year low of $45.00 and a one year high of $57.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The firm’s 50 day simple moving average is $54.05 and its two-hundred day simple moving average is $50.79. The stock has a market capitalization of $26.58 billion, a P/E ratio of 57.14 and a beta of 0.79.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The firm had revenue of $822.50 million for the quarter, compared to analysts’ expectations of $817.09 million. During the same quarter last year, the business earned $0.20 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. As a group, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, May 12th. Rollins’s dividend payout ratio is 66.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ROL. Barclays PLC grew its holdings in shares of Rollins by 34.8% in the third quarter. Barclays PLC now owns 721,467 shares of the business services provider’s stock worth $36,491,000 after purchasing an additional 186,452 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Rollins by 54.7% in the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after purchasing an additional 61,475 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Rollins by 3.6% in the third quarter. Principal Financial Group Inc. now owns 399,398 shares of the business services provider’s stock worth $20,202,000 after purchasing an additional 13,697 shares during the last quarter. Czech National Bank lifted its stake in Rollins by 6.4% in the fourth quarter. Czech National Bank now owns 60,904 shares of the business services provider’s stock worth $2,823,000 after acquiring an additional 3,682 shares during the period. Finally, Eastern Bank lifted its stake in Rollins by 0.5% in the fourth quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock worth $2,337,000 after acquiring an additional 236 shares during the period. Institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ROL shares. UBS Group raised their target price on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Morgan Stanley increased their price target on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a “buy” rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada increased their price target on shares of Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.57.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.